21Shares Sui ETF Reports Significant Net Asset Decline and Negative Returns in Q1 2026

summarizeSummary

21Shares Sui ETF (TSUI) reported a net decrease in net assets of $5.67 million from operations and a total return of -36.96% for the quarter ended March 31, 2026, primarily due to a sharp decline in the value of its underlying SUI holdings.

check_boxKey Events

• Significant Net Asset Decrease

  The Trust reported a net decrease in net assets resulting from operations of $5,671,108 for the three months ended March 31, 2026.

• Negative Total Return

  The fund's total return was -36.96% for the quarter ended March 31, 2026, and -47.95% since its initial seeding on November 18, 2025.

• Underlying Asset Depreciation

  The price of SUI, the fund's sole asset, declined by 36.69% from $1.39 on December 31, 2025, to $0.88 on March 31, 2026.

• 2-for-1 Reverse Share Split

  A 2-for-1 reverse share split was approved and became effective on February 22, 2026, retroactively adjusting historical shares outstanding and net asset value per share.

auto_awesomeAnalysis

The 21Shares Sui ETF (TSUI) reported a substantial net decrease in net assets from operations, driven by a significant depreciation in the underlying SUI token. The fund experienced a total return of -36.96% for the quarter, reflecting the challenging market conditions for crypto assets. This performance highlights the volatility inherent in its concentrated investment strategy in SUI. The fund also underwent a 2-for-1 reverse share split during the quarter, which retroactively adjusted share counts and NAV per share.